DUBLIN--(BUSINESS WIRE)--The "Synthetic Paper Market - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Synthetic Paper Market Size is Projected to Grow from USD 526 Million in 2020 to USD 819 Million by 2025, at a CAGR of 9.2%.
Eco-friendly synthetic paper and wide application areas of synthetic paper are driving the market. However, limited plastics material available for synthetic paper is expected to restrain this market. Increasing concerns of pulp paper for environment pollution is expected to offer significant growth opportunities to the synthetic paper manufacturers. A major challenge faced by the players in this market is the cost of synthetic paper being higher than pulp paper.
The BOPP segment is expected to grow at the highest CAGR during the forecast period in the synthetic paper market.
The BOPP raw material is the largest and fastest-growing segment. BOPP can be environment friendly and low in toxicity which makes these synthetic paper to be used for packaging of food items and beverages. The increasing demand for frozen food, packaging and labeling, business cards, calendar, book covers, newspapers, maps, garments, and among others have triggered the demand for BOPP synthetic paper.
The printing segment is expected to be the fastest-growing application during the forecast period in the synthetic paper market
As the synthetic paper has properties such as durable, tear resistance, water resistance, scratch-resistant and abrasion-resistant has made it an important substrate against the conventional paper. Synthetic paper have lower static surface which prevents double feeding and eases the printing process which makes them suitable with various printers for several printing applications. These printing applications includes menus, personalized marketing material, point of purchase displays, wrist bands, cards/envelops, tickets/passes, labels for various end-use industries and among others.
The paper segment is expected to be the fastest-growing end-use industry during the forecast period in the synthetic paper market
Synthetic paper offers enhanced properties which outperform the properties of pulp paper which includes 100% recyclable, moisture resistant, tear-resistant and UV resistant, and durable. The use of synthetic paper is comparatively more in the paper industry than in any other sector. An increase in the demand for durable tear-resistant and excellent weathering properties of the outdoor advertising substrate has triggered the demand of this industry.
APAC is expected to be the largest synthetic paper market during the forecast period.
APAC was the largest market for synthetic paper in 2019. The large market size in the region is attributed to the growth of the paper and packaging industry. Additionally, growing awareness and the extraordinary properties of the synthetic paper are expected to increase the overall market penetration.
- Eco-Friendly Synthetic Paper
- Wide Application Areas of Synthetic Paper
- Limited Plastics Material Available for Synthetic Paper
- Increasing Concerns of Pulp Paper for Environment Pollution
- Cost of Synthetic Paper is Higher Than Pulp Paper
Porter's Five Forces Analysis
COVID-19 Impact on the Synthetic Paper Market
- Impact on the Paper and Packaging Industry
- Impact of COVID-19 on Various Countries
- Agfa-Gevaert Group
- Aluminium Feron GmbH & Co. Kg
- American Profol Inc.
- Arjobex Sas
- Cosmo Films Ltd
- Elastin International Corp.
- Hop Industries Corporation
- Huanyuan Plastic Film Co.Ltd
- Hwaseung Industries Co. Ltd.
- Innovia Films
- Kaveri Metallising & Coating Industries Pvt. Ltd.
- Masterpiece Graphix
- Mdv Papier- Und Kunststoffveredelung GmbH
- Nan Ya Plastics Corporation
- Neenah Inc
- Ppg Industries, Inc
- Relyco Sales, Inc.
- Ruian Rifo Packaging Material Co. Ltd.
- Seiko Epson Corporation
- Shijiazhuang Dadao Packaging Materials Co.Ltd
- Tamerica Products Inc.
- Toyobo Co. Ltd.
- Transilwrap Company, Inc.
- Valeron Strength Films
- Yupo Corporation
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